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Local Unit Inches Slightly Up vs. Greenback

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Local Unit Inches Slightly Up vs. Greenback

February 16
14:19 2015

rsNew Delhi, Monday, February 16 – The domestic unit of the nation mounted by seven paise to hit at 62.12 mark in opposition to the dollar in the deal witnessed on February 16 at the Interbank Foreign Exchange market on offloading of the American unit by exporters.

More than a few Forex traders mentioned that the profits created by further units in opposition to the US currency out of the country and an elevated start in the local stock market too backed the rupee.

In addition to this, as a result of offloading of the dollar by banks and exporters, Indian rupee had finished 12 paise up at 62.19 versus the Greenback in the trade observed late last week.

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